Centene Corporation Reports 2018 Third Quarter Results And Increases 2018 Guidance

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Go back to Centene Corporation Reports 2018 Third Quarter Results And Increases 2018 Guidance

Centene (CNC) Tops Q3 EPS by 2c, Revenues Beat; Increases FY18 Guidance

October 23, 2018 6:05 AM EDT

Centene (NYSE: CNC) reported Q3 EPS of $1.79, $0.02 better than the analyst estimate of $1.77. Revenue for the quarter came in at $16.18 billion versus the consensus estimate of $16.03 billion.

Michael F. Neidorff, Centene's Chairman and Chief Executive Officer, stated, "The Company continues to execute on its growth strategy. The operating metrics were strong, excluding some offsetting adjustments associated with expired contracts. Overall, we are very pleased with the results and have good momentum heading into the fourth quarter and 2019."

The third quarter results include the following items, which in the aggregate had... More